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TL;DR
- A crypto exchange with a staggering 10 million users has decided to give Pi Network’s token a warm embrace. 🤗
- But alas, the price of this token remains as low as a limbo stick at a party. 🎉
The Latest to Hop on the PI Bandwagon
Ah, the Pi Network! It graced the headlines about a month ago, finally launching its Open Network. This momentous occasion allowed cryptocurrency exchanges to list its native token, and like moths to a flame, over a dozen exchanges have jumped on board. Notable names include OKX, Bitget, MEXC Global, and Gate.io, among others. 🦋
Most recently, CoinEx, the Hong Kong-based giant with over 10 million users, decided to join the party. They opened the PI/USDT trading pair on March 18, offering options like AMM, Spot Grid, and Auto-Invest Plan. Sounds fancy, right? 🎩
However, in a twist of irony, CoinEx cautioned its clients about the high investment risks associated with this token. “Please evaluate and invest wisely based on your risk tolerance and financial resources,” they advised, as if they were handing out life jackets on a sinking ship. 🚢
Despite the fanfare, PI’s valuation has been as stable as a one-legged man in a butt-kicking contest. It continues to trade in the red, hovering just south of $1.15. In fact, it proudly holds the title of the worst-performing cryptocurrency among the top 100, crashing over 30% in just a week. Bravo! 👏
The Community Expected Different News
In a shocking turn of events, while numerous exchanges have embraced PI, the colossal Binance has chosen to sit this one out. Last month, they held a community vote to see if users wanted the token on their platform. Over 86% of voters were in favor, yet Binance remains as silent as a mime in a library. 🤐
Support from the world’s largest crypto exchange could have boosted the liquidity and visibility of this asset, potentially lifting its valuation. But alas, the dreams of the community remain unfulfilled. 😢
There are many examples that support this theory. Earlier this month, the stablecoin XUSD skyrocketed by almost 80% shortly after Binance listed it. But in a cruel twist, it returned to its $1 target within hours. Talk about a rollercoaster! 🎢
A similar fate befell Cow Protocol (COW) and Cetus Protocol (CETUS) back in November 2024, when their prices soared by 70% after Binance’s embrace. It seems the crypto world is full of surprises, and not all of them are pleasant. 😅
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2025-03-19 14:57